NISM 10B Investment Adviser Level 2 Notes

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  • Section 50D: Fair market value as consideration for unlisted securities.
  • Section 112A: Applies to long-term gains on listed securities.
  • Section 111A: Short-term gains on STT-paid securities at 15%.
  • Bonus Shares: Cost of acquisition is nil for capital gains.
  • Rights Shares Cost: Amount paid for acquiring rights is the cost.

NISM 10B NISM Investment Adviser Level 2

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